Yes...some deer hunters sit on a perch and wait for the deer to come to them and then they bag them. Not terribly sporting but it works well. Same with holding cash and waiting for a nasty day like today. I recently got out of a few stocks and then watched them go higher. Today I picked them up again at a bargain. Most everything comes back down at some point. There is a comfort level that comes from not always being exposed to the market and entering at discounts. Different strokes for different folks.